A Letting Agent: Why Use One?

Using a Letting agent is one of the most important decisions a landlord will make in their career.

On one hand, managing a portfolio by yourself entails maintaining complete control and keeping all gains. On the other hand, using a letting agency relieves you of time-consuming tasks and possible employment responsibilities by providing you with a team of professionals to help you with the day-to-day operations of properties.

Landlords may just lack the time to properly manage their properties, which can be a full-time job in and of itself.

Shorter Tenancy Voids

Finding new tenants is more difficult than most people think. In addition to being listed on the market, properties need to be visible to the appropriate individuals. Interviews, viewings, references, and deposits are required to initiate the tenancy process once a prospective renter expresses interest.

When you deal with a letting agency, you may anticipate a shorter tenancy because they have a network of possible tenants and vast understanding on how to rent properties to the suitable tenants. Your property management team plays a number of responsibilities in achieving this, including:

• Valuation of your property to ensure higher than average rental costs are not putting tenants off.
• Arrangement of viewings.
• Obtaining initial deposit and rent.
• Setting up standing orders.
• Professional marketing of your property.

Quality Tenants

Finding tenants is one thing, but finding quality tenants is another. It can be draining for both parties to have an unpleasant relationship with your tenants, but thorough screening procedures are costly and time-consuming.

At Regency, we recognise how frustrating it may be to take on a tenant only to have them damage your home, refuse to vacate, or pay their bills late. We are dedicated to finding you only the best and most qualified tenants because of this.

Happier Tenants

Landlords hold a lot of responsibilities on their backs so may find it difficult to ensure 100% tenant satisfaction due to their lack of time, especially in the case were renting out their properties is a secondary source of income.

Agency’s like us however have numerous ways in which we ensure satisfied tenants such as:             

• Arranging prompt property maintenance.
• Tenants have access to us during opening hours.
• Peace of mind through ensuring the safety of the property.
• Ensuring properties are up to latest legislation recommendations.
• Fully protected deposit under Government approved schemes.

Marketing

After determining the best price for their rental property, landlords will need to put their property on the market. While there are hundreds of websites in which they can use to do this, most effective ones come at a cost.

Whereas, Agency’s such as our own will not charge landlords to put their property on the market and it will be done to effect.

Trusted Contractors

Even when a landlord’s property has been checked it still will run into maintained issues, which will preferably need to be assessed and sorted in a short period of time, to up keep the tenant’s satisfaction.

Agency’s will therefore, have a list of efficient contractors in which can handle these maintenance issues in time, at a high standard. This saves Landlords struggling to find a contractor at short notice with the possibility that they don’t find one available. This would leave tenants at risk of injury and increase tenancy voids.